February 14, 2006

U.S. extends review of Whirpool deal - Maytag buy delayed

The Justice Department is extending its review of the proposed buyout deal. Stephen Calkins, a Wayne State University law professor and former Federal Trade Commission attorney, said preparing a court case to challenge a merger is not unusual. He said anti-trust attorneys typically pursue several avenues in such mergers. They could prepare a court challenge while negotiating to divest some of the companies' holdings to avoid controlling too much of the market.

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